Dynex Capital Inc. (DX) Is A Stock You Should Watch


As of Wednesday close, Dynex Capital Inc.’s (NYSE:DX) stock was down -$0.16, moving down -1.46 percent to $10.82. The average number of shares traded per day over the past five days has been 1,198,220 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.17 fall in that time frame. In the last twenty days, the average volume was 1,034,035, while in the previous 50 days, it was 1,061,126.

Since last month, DX stock retreated -7.36%. Shares of the company fell to $10.59 on 05/04/23, the lowest level in the past month. A 52-week high of $17.06 was reached on 01/27/23 after having rallying from a 52-week low of $10.59. Since the beginning of this year, DX’s stock price has dropped by -14.94% or -$1.90, and marked a new high 10 times. However, the stock has declined by -36.58% since its 52-week high.

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DX stock investors should be aware that Dynex Capital Inc. (DX) stock had its last reported insider trading activity 72 days ago on Mar 14. COLLIGAN ROBERT S, the EVP and CFO of the company, purchased of 8,000 shares for $12.16 on Mar 14. It resulted in a $97,280 investment by the insider. BOSTON BYRON L added 2,500 shares at an average price of $11.61 on Oct 26. The insider now owns 402,634 shares following the transaction. On Oct 25, CEO and Co-CIO BOSTON BYRON L bought 12,000 shares at $10.92 apiece. The transaction was valued at $130,998.

Valuation Metrics

The stock’s beta is 1.19. Besides these, the trailing price-to-sales (P/S) ratio of 6.00, the price-to-book (PB) ratio of 0.78, and the price-to-cash flow ratio of 24.92 may also be considered.

The latest dividend of $0.13 per share was paid out, remained unchanged from last year’s $0.13. On Wednesday June 10 2020, a $0.02 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.04, and the total debt-to-equity ratio was 3.97. On the profitability front, the trailing twelve-month gross margin is 26.90% percent. In the year ended March 30, operating margins totaled -15.90%. Based on annual data, DX earned $54.34 million in gross profit and brought in $86.69 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.20%. Return on equity (ROE) for the past 12 months was -3.20%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Dynex Capital Inc. to report $0.15 quarterly earnings, the actual figure was -$0.16 per share, beating the consensus estimate by -206.70%. During the quarter, the company generated $43.7 million in EBITDA. The value of shareholders’ equity is $54.11 million.

Technical Picture

This quick technical analysis looks at Dynex Capital Inc.’s (DX) price momentum. With a historical volatility rate of 23.49%, the RSI 9-day stood at 38.76% on 24 May.

With respect to its five-day moving average, the current Dynex Capital Inc. price is down by -1.55% percent or -$0.17. At present, DX shares trade -6.88% below its 20-day simple moving average and -16.58% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.60% below its SMA50 and -34.18% below its SMA200.

Stochastic coefficient K was 50.18% and Stochastic coefficient D was 47.61%, while ATR was 0.28. Given the Stochastic reading of 33.85% for the 14-day period, the RSI (14) reading has been calculated as 38.49%. As of today, the MACD Oscillator reading stands at -0.03, while the 14-day reading stands at -0.05.

Analyst Ratings

Dynex Capital Inc. (DX) has been rated Overweight by analysts. According to 0 brokerage firms, DX is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Dynex Capital Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $13.50, the current consensus forecast for the stock is $13.50 – $15.00. Based on these forecasts, analysts predict Dynex Capital Inc. (DX) will achieve an average price target of $14.00.


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